E3

Question 1

Unemployment

Answer 1

People who are willing and able to work cant find work

Question 2

Claimant count

Answer 2

Measures unemployment according to the number of people claiming unemployment related benefits

Question 3

Labour force survey

Answer 3

A survey of a sample of households counting people as unemployed and if they are actively seeking work but don’t have a job

Question 4

Distribution of income

Answer 4

How income is shared between population

Question 5

Redistribution of income

Answer 5

A policy to reduce inequalities of income

Question 6

Inequalities of income

Answer 6

Incomes are distributed unevenly some people have higher incomes than others

Question 7

Transfer payments

Answer 7

When the government takes more taxes from the high paid income groups and giving more benefits to lower income groups

Question 8

Market failure

Answer 8

When the market fails to allocate resources in the best interest of society